Check out the companies making headlines in pre-market trading: GameStop – The video game retailer’s stocks slid over 4%. GameStop recorded first-quarter revenue of $732.4 million, up from a $881.8 million figure seen in the same period last year. Tesla – The electric car maker rose 1.7% on its fourth victory day. That comes after CEO Elon Musk cratered stocks last week following an online feud with President Donald Trump. Musk said Wednesday that he regrets some of the social media posts he made about Trump. Quantum Computing – Quantum Computing stocks have gone on after NVIDIA CEO Jensen Huang told a developer meeting that space was reaching an inflection point. Quantum Computing stocks rose 7%, while Rigetti Computing and IONQ exceeded 4% and 3%, respectively. D-Wave Quantum has been added to nearly 2%. Solar stock has dropped by 6.1% after Sunrun – Jefferies downgrades underperform from hold. Jeffries said the company could face headwinds if solar power in the home does not create a federal budget. Bill Holdings – Bill and bill stocks checked at equal weights from overweight, 1.7% lower on the back of Morgan Stanley downgrade. Morgan Stanley said he is not very certain about the driver of previous bullish papers. GITLAB – Online Software Developer Platform has dropped by more than 12% after the company issued its disappointing revenue forecast. Gitlab looks at second quarter revenues in the range of $226 million to $227 million, compared to the LSEG consensus estimate of $227 million. Dave & Buster’s – Stocks rose more than 7%, following the company’s latest quarter results. Dave & Buster revenue and revenue for the first quarter missed analyst estimates, but comparable store sales fell 8.3% year-on-year. “We are encouraged by what we’ve seen in June so far, as the results so far continue to improve over the past month,” interim CEO Kevin Sheehan said in a statement. – Reported by CNBC’s Sean Conlon, Jesse Pound, Sarah Minh and Michelle Fox.
The biggest moves in stock localities: TSLA, PLAY, GME GTLB
